Monday, June 1, 2009

KRUGMAN: ON THE FINAL DAZE OF RAY-GUN-OMICS!!

OR, THE ECONOMIC CONSEQUENCES OF LETTING WALL STREET RUN WILD...

WELCOME TO ANOTHER GREAT DEPRESSION...THE "GREATEST DEPRESSION."

AND THIS WILL BE A DEPRESSION LIKE NO OTHER IN MODERN HISTORY...

THIS WILL BE THE GREATEST DEPRESSION...

BECAUSE THINGS WILL NEVER "COME BACK" TO "NORMAL"...

RATHER THINGS WILL SHIFT TO AN ENTIRELY DIFFERENT PARADIGM...

WE COULD BE ENTERING AN ECONOMIC "DARK AGE"...THAT WILL LAST AS LONG AS IT TAKES TO FLUSH THE SYSTEM CLEAN AND GET RID OF THE "OLD ORDER"...

REMEMBER THE 20TH CENTURY WAS REALLY ALL ABOUT GETTING RID OF THE LAST REMNANTS OF THE MIDDLE AGES...THE ROMANOVS AND THE HABSBURGS...THE PRUSSIANS....AND THEIR CONSEQUENCES...THE INEVITABLE "POPULISTS" "NAPOLEONS" AND "POPULAR REVOLUTIONS."

BECAUSE YOU SEE...."OLD ORDERS" CAN BE VERY HARD TO GET RID OF...

THEY NEVER LEAVE WITHOUT A FIGHT.

ALL THE BULLSHIT ASIDE...

THIS CURRENT DEPRESSION IS JUST GETTING STARTED ... WE HAVE DECADES TO GO...!

VERY LIKELY THIS "GREATEST DEPRESSION" WILL DEFINE THE 21ST CENTURY MORE THAN ANYTHING ELSE..

EVEN AS THE TOUTS FOR THE OLD ORDER "ELITES" ARE CLAIMING THE "CRISIS IS OVER."